AFI Europe signed a pre-agreement to sell AFI Park 1-3 office buildings to Dedeman, a Romanian DIY retail company. The agreement also includes an option to sell AFI Park 4&5. The total price for AFI 1-5 is approximately €164 million. 

Calioppe Investments has acquired the scheme from Rank Progress, a Warsaw Stock Exchange listed company engaged in the property investment and development sector. The total value of the transaction amounts to €26.7 million including €15.2 million of debt financing. The seller has been advised by BNP Paribas Real Estate.

CTP continued its expansion on the Hungarian market through the acquisition of Rozália Park, a 57,800 sqm logistics scheme directly adjacent the M1 motorway to the west of Budapest. The seller was Challenger. 

On behalf of its clients, CBRE Global Investors has bought Prologis Park Ostrava from Prologis for an undisclosed sum. The 65,910 sqm complex, comprising two buildings, on the D1 motorway has now been renamed Ostrava Logistics Park. It is fully leased to five tenants.

German retailer Lidl bought two XXL Mega Discount stores, located in Sibiu and Galati, from Penny Market. Each property offers 2,500 sqm of retail space. Lidl will also take over the land surrounding the stores. The transaction price is estimated to be between €6 million and €8 million, according to zf.ro.

Panattoni Europe announced the sale of Panattoni Park Warszawa–Konotopa, located in the Warsaw region. The multi-tenant logistics centre comprises two buildings totalling close to 50,000 sqm and is fully leased. After the sales transaction is completed, Panattoni Europe will retain responsibility for managing the park. 

According to CBRE, it is very likely that business deals in the Hungarian investment property market in 2017 will reach last year’s €1.54 billion (HUF480 billion) turnover.

M7 Real Estate has acquired a further circa. €20 million of assets in Budapest, on behalf of its first Central European fund for third party investors, M7 CEREF I. This follows the Fund completing its final close, reaching its target raise of €60 million of investor capital in April 2017, as well as the agreement of a €68.5 million senior debt facility with Starwood European Real Estate Finance.  

Hili Properties, the real estate division of Hili Ventures, has finalised the acquisition of ART Business Centre in Bucharest from FBC Exclusive Company for €30 million.

Ronny Pecik has, referring to RPR Management GmbH’s right to acquire 7.6 million shares in S IMMO AG granted by Anadoria Investments Ltd. on 6 April 2017, notified S IMMO AG via legal representatives, that RPR Management GmbH, a subsidiary of RPR Privatstiftung has named the affiliated companies Everest Investment GmbH & Co KG and Pavus Immobilien GmbH & Co KG as purchasers, which acquired the shares on 4 May 2017.